NTA UGC NET/JRF Exam, Dec. 2020/June 2021 Commerce (Morning-Shift)

Total Questions: 100

71. Match List I with List II :



Choose the correct answer from the options given below :

Correct Answer: (b)
Solution:

72. Match List I with List II :


Choose the correct answer from the options given below :

Correct Answer: (c)
Solution:

73. Match List I with List II :


Choose the correct answer from the options given below :

Correct Answer: (b)
Solution:

74. Match List-I with List-II :


 Choose the correct answer from the options given below :

Correct Answer: (a)
Solution:

75. Match List I with List II :



Choose the correct answer from the options given below :

Correct Answer: (b)
Solution:

76. Sequence the following in increasing order of integration of member economics

(i) Free Trade Area
(ii) Economic Union
(iii) Custom Union
(iv) Preferential Trade Agreements
(v) Common Market
Choose the correct answer from the options given below :

Correct Answer: (c)
Solution:

Preferential trade Agreements by the countries to give preference to access certain products from participating countries.

2. Frees-Trade Arco- Remove barriers trade among members but each country has own policies for nonmembers.

3. Custom Union - Remove barriers to trade among members, and set a common trade policy against nonmembers.

4. Common Market - Remove barriers to trade labour & capital among members and set a common trade policy against nonmembers.

5. Economic Union - Remove barriers to trade, labour, & capital among members and set a common trade policy against nonmembers and coordinate members economic policies.

77. The liquidator after realizing the assets of the company should distribute the proceeds among below mentioned claimants in the following order.

(i) Legal charges
(ii) Liquidators remuneration and cost of expenses of winding up
(iii) Workman's due and claims of the secured creditors
(iv) Preferential creditors and creditors secured by floating charge
(v) Unsecured creditors
Choose the correct answer from the options given below :

 

Correct Answer: (c)
Solution:

The liquidator after realizing the assets of the company should distribute the proceeds among below mentioned claimants and the following order :-

(a) Legal charges.
(b) Liquidators remuneration and cost of expenses of wending up.
(c) Workman's dues and claims of the secured creditors
(d) Preferential creditors and creditors secured by flowing charge
(e) Unseated creditors.
Note : Sections 53 (1) of Insolvency code applies to statutory dues of Government and local. Authority & prescribed priority of distribution of assets in liquidation .

78. Arrange the following market structures in the increasing order of pricing power to firms.

(i) Monopolistic competition
(ii) Perfect competition
(iii) Duopoly
(iv) Monopoly
(v) Oligopoly
Choose the correct answer from the options given below :

Correct Answer: (b)
Solution:

Pricing power of firms in Increasing order of different market structure.
Perfect competition - Producers have little pricing power.
Monopolistic competition- By making consumers aware of product differences, sellers excerpt some control over price.
depending on the size, information a chess and other characteristics of their competitors firms have some power to set prices without losing significant market share.
Duopoly- In a duopoly the firms may collude and use their power to inflate prices.
Monopoly- It has given firm absolute market power and can set a price above the firm's marginal cost.

79. Arrange the following items, ie. stages of capital budgeting in correct sequence :

(i) Identification of potential investment order. opportunities
(ii) Assembling of proposed investments
(iii) Decision making
(iv) Implementation and performance review
(v) Preparation of capital budget and appropriations
Choose the correct answer from the options given below :

Correct Answer: (d)
Solution:

80. Arrange the following stages of processing of data in a correct sequence :

(i) Coding
(ii) Editing
(iii) Tabulation
(iv) Classification
(v) Using percentages
Choose the correct answer from the options given below :

Correct Answer: (d)
Solution:The stages of processing of data in a correct sequence are :-
Editing → Coding → Tabulation → Using percentages.